By James Woolley
If you are involved in the forex industry in any way, you will know that there are a number of different forex events held throughout the year. Some are free to attend, while others require some form of payment. So are they worth attending or are they simply a waste of time?
Well it all depends on what type of event it is. If it is an event held by a forex broker or some other finance company that you are involved with, then the benefits won’t be that great. They may be free to attend for valued customers and you may get some free food and drink, but you are unlikely to learn very much.
It is mainly a way for the company in question to get to know their customers a little better and to find out what they can actually do better themselves to give their traders a better trading experience. For you it is a chance to talk to senior employees and find out what goes on behind the scenes, but that’s about it really.
The better events are those that include some professional forex traders or fund managers as guest speakers. These events can be free to attend but if they are then you know that they will be pitching you with an offer to buy one of their products at the end of the event. In fact you may find that the whole event turns out to be one big sales pitch, in which case they may be a complete waste of time.
The better events are those that generally require an upfront fee, but do not try and sell you anything during the actual event. All you are paying for is the actual forex training that you receive from the various speakers.
These types of events can be really useful because they often feature some full time traders. Plus if they are held during the week, then they will also include plenty of live trading so you can see some of the strategies being put to the test in real time.
This type of education can be invaluable because I always think the best way to learn how to become a profitable forex trader yourself is to learn from someone who does this for a living. Unfortunately these types of seminars are quite rare, and even if you do see one or two being advertised, they may be held in another country or at least several hours away.
Anyway the point is that a lot of forex trading events are not really worth going to because you will either learn very little or you will be hit with a long sales pitch. However the good ones that are run by professional traders who have nothing to sell will of course be well worth attending. You will generally have to pay an admission fee, which can be quite substantial, but they may still turn out to be good value for money if you pick up some useful trading tips and strategies.
About the Author
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